Journalize the following selected transactions for October 2019 in a two-column journal. Journal entry explanations may be omitted.
Oct.
1. Paid rent for the month, $3,600.
3. Paid advertising expense, $1,200.
5. Paid cash for supplies, $750.
6. Purchased office equipment on account, $8,000.
10. Received cash from customers on account, $14,800.
15. Paid creditors on account, $7,110.
27. Paid cash for miscellaneous expenses, $400.
30. Paid telephone bill (utility expense) for the month, $250.
31. Fees earned and billed to customers for the month, $33,100.
31. Paid electricity bill (utility expense) for the month, $1,050.
31. Withdrew cash for personal use, $2,500.
Answer:
2019
Oct. 1 Rent Expense3,600
Cash3,600
3 Advertising Expense1,200
Cash1,200
5 Supplies750
Cash750
6 Office Equipment8,000
Accounts Payable8,000
10 Cash14,800
Accounts Receivable14,800
15 Accounts Payable7,110
Cash7,110
27 Miscellaneous Expense400
Cash400
30 Utilities Expense250
Cash250
31 Accounts Receivable33,100
Fees Earned33,100
31 Utilities Expense1,050
Cash1,050
31 Jason Payne, Drawing2,500
Cash2,500